Tag: Alexander Thompson Arnold

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News Owensboro, KY

WATHEN AND COMPANY, PLLC MERGES WITH ALEXANDER THOMPSON ARNOLD PLLC

Owensboro, Ky. — Regional accounting firm Alexander Thompson Arnold PLLC (ATA) is expanding its presence in Owensboro, Ky. through the acquisition of local firm Wathen and Company, PLLC owned by Vernon Wathen, CPA, effective January 1, 2022.

ATA has built a presence in Owensboro as a result of a 2017 acquisition of Myriad CPA Group. The acquisition of Wathen and Company allows for ATA’s further growth in the Owensboro area. 

“As we continue to grow, it is our top priority to join with firms that embody similar values as ATA,” said ATA managing partner John Whybrew. “Wathen and Company is a natural fit, and we see a bright future for our firm in the Owensboro area.”

Wathen and two staff members will continue to serve clients as ATA team members as a result of this transition. ATA Owensboro will operate at a new location at 300 Southtown Boulevard Floor 3, Owensboro, KY 42303.

Wathen can be reached directly at @vwathen@atacpa.net.

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About Alexander Thompson Arnold PLLC (ATA)

ATA is a long-term business advisor to its clients and provides other services that are not traditionally associated with accounting. The ATA Family of Firms consists of a team of experts that can benefit every area of your business. Revolution Partners provides financial planning expertise; ATA Technologies provides trustworthy IT solutions; ATA Secure provides cybersecurity services; Sodium Halogen focuses on growth through the design and development of marketing and digital products; Adelsberger Marketing offers video, social media, and digital content for small businesses; and ATAES is a comprehensive human resource management agency. 

ATA has 15 office locations in Tennessee, Arkansas, Kentucky and Mississippi. Recognized as an IPA Top 150 regional accounting firm, it provides a wide array of accounting, auditing, tax and advisory services for clients ranging from small family-owned businesses to publicly traded companies and international corporations. ATA is also an alliance member of BDO USA LLP, a top five global accounting firm, which provides additional resources and expertise for clients.

 

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AR News Press Releases

ARKANSAS ACCOUNTING FIRM MERGES WITH ALEXANDER THOMPSON ARNOLD PLLC

Alexander Thompson Arnold PLLC
227 Oil Well Rd.
Jackson, TN 38305

FOR IMMEDIATE RELEASE

Alexis Long, Marketing Director
731-427-8571
along@atacpa.net

ARKANSAS ACCOUNTING FIRM MERGES WITH ALEXANDER THOMPSON ARNOLD PLLC

Hot Springs, Ark. — Regional accounting firm Alexander Thompson Arnold PLLC (ATA) is adding a presence in the state of Arkansas through the acquisition of top local firm JWCK, Ltd., formerly known as Jordan, Woosley, Crone & Keaton, Ltd., effective January 1, 2022.

The merger with JWCK adds 14 professionals to the ATA team, including three principals and two partners, Christina Ellis, CPA and Courtney Moore, CPA. With this merger, ATA will be comprised of 220 employees and 15 locations across four states.

“ATA has had a long-standing interest in establishing a strong presence in Arkansas,” said ATA Managing Partner John Whybrew. “We believe that this strategic merger with JWCK allows the firm to grow in new markets with like-minded professionals as well as continue our multi-year growth plan.”

JWCK’s 60 years of expertise ranges from tax management and accounting services to more in-depth services such as audits, financial statements and financial planning. It is a premier firm for trust and estate tax reporting as well as one of few firms that adhere to the standards to be able to perform audits for entities who receive state and federal monies and audits of financial institutions.

JWCK ranks 14th on the Arkansas Business Publishing Group’s list of the largest accounting firms in the state. The firm has been named Best Accounting Firm in Hot Springs by The Sentinel Record two years in a row, with Ellis being named Best Accountant in Hot Springs the past two years as well.

“Our commitment to serve our community with professionals right here in Hot Springs has led JWCK to merge with ATA,” said Ellis. “Through this merger, we will be able to provide our community with expertise in subject matters beyond what we have in our local office and will be able to devote more time to client relationships by allowing ATA’s entities to handle administrative responsibilities.” 

ATA Hot Springs will operate at 126 Hobson Ave. until May 2022, when they will move into a newly-constructed space at 1720 Higdon Ferry Road. There is also a location in Hot Springs Village, Ark. at 399 Ponce de Leon Drive, Ste. 2.

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About Alexander Thompson Arnold PLLC (ATA)

ATA is a long-term business advisor to its clients and provides other services that are not traditionally associated with accounting. The ATA Family of Firms consists of a team of experts that can benefit every area of your business. Revolution Partners provides financial planning expertise; ATA Technologies provides trustworthy IT solutions; ATA Secure provides cybersecurity services; Sodium Halogen focuses on growth through the design and development of marketing and digital products; Adelsberger Marketing offers video, social media, and digital content for small businesses; and ATAES is a comprehensive human resource management agency. 

ATA has 15 office locations in Tennessee, Kentucky, Arkansas and Mississippi. Recognized as an IPA Top 150 regional accounting firm, it provides a wide array of accounting, auditing, tax and advisory services for clients ranging from small family-owned businesses to publicly traded companies and international corporations. ATA is also an alliance member of BDO USA LLP, a top five global accounting firm, which provides additional resources and expertise for clients.

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Jackson, TN News

Seasoned Banker Joins Top Regional CPA Firm As Client Relations Director

Alexander Thompson Arnold PLLC
227 Oil Well Rd.
Jackson, TN 38305

FOR IMMEDIATE RELEASE

For more information contact:
Alexis Long, Marketing Director
731-427-8571
along@atacpa.net

SEASONED BANKER JOINS TOP REGIONAL CPA FIRM AS CLIENT RELATIONS DIRECTOR

Jackson, Tenn. — Alexander Thompson Arnold PLLC (ATA) is proud to announce the addition of Heather Castleman in the newly created position of client relations director. Castleman, formerly of a large national bank, will bring her skillset to the ATA team effective Sept. 27, 2021.

ATA implemented this role to support client relationships and to better understand business owners’ needs in order to connect them with the abundant resources that ATA has to offer. Castleman’s primary goal is to prioritize the interests of current and future clients by facilitating conversations and fostering lasting relationships between advisees and ATA. She will serve as a liaison for ATA’s Family of Firms and advisory services.

“Heather has a great talent of meeting her advisees’ needs and helping them reach financial goals through personal relationships,” said John Whybrew, managing partner of ATA. “Her experience of maintaining relationships with clients in several states and managing a team of private client relationship managers will allow her to successfully forge connections between our clients, CPAs and the rest of our firm.”

Castleman comes to ATA with 25 years of experience managing client relationships in the financial services industry. She was most recently a private client relationship manager and the team lead for community banking at First Horizon Bank. Castleman’s priorities throughout her career have been building and maintaining positive relationships with clients as well as providing the best services available for customers.

“I am looking forward to this new opportunity in my career,” said Castleman. “This position will allow me to continue to focus on building lasting relationships and helping others. In this role, my goal is to show others that ATA has a full stack of resources available both to individuals and to the business community.”

Heather is married to Alan, a realtor with Hickman Realty Group in Jackson. They have been married for twenty-six years and have two daughters, Paige and Zoe.

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About Alexander Thompson Arnold PLLC (ATA)

ATA is a long-term business advisor to its clients and provides other services that are not traditionally associated with accounting. For example, Revolution Partners, ATA’s wealth management entity provides financial planning expertise; ATA Technologies provides trustworthy IT solutions; Sodium Halogen focuses on growth through the design and development of marketing and digital products; Adelsberger Marketing offers video, social media, and digital content for small businesses; and ATA Employment Solutions is a comprehensive human resource management agency.

ATA has 13 office locations in Tennessee, Kentucky and Mississippi. Recognized as an IPA Top 200 regional accounting firm, it provides a wide array of accounting, auditing, tax and consulting services for clients ranging from small family-owned businesses to publicly traded companies and international corporations. ATA is also an alliance member of BDO USA LLP, a top five global accounting firm, which provides additional resources and expertise for clients.

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News Press Releases Tupelo, MS

Teasler CPA PLLC Merges with Alexander Thompson Arnold PLLC

Alexander Thompson Arnold PLLC
5221 Cliff Gookin Boulevard
Tupelo, MS 38801

FOR IMMEDIATE RELEASE

For more information contact:

Alexis Long, Marketing Director
(731) 427-8571
along@atacpa.net

TEASLER CPA PLLC MERGES WITH ALEXANDER THOMPSON ARNOLD PLLC

Tupelo, Miss. — Regional accounting firm Alexander Thompson Arnold PLLC (ATA) has expanded its presence in Tupelo, Miss. through the acquisition of local firm Teasler CPA PLLC owned by Kate Teasler, CPA, effective July 1, 2021.

ATA has built a presence in Tupelo as a result of a 2017 acquisition of Ashby & Associates PLLC and a 2018 acquisition of Fred Page & Associates P.C. The acquisition of Teasler CPA allows for ATA’s further growth in the Tupelo area. 

“As we continue to grow, it is our top priority to join with firms that embody similar values as ATA,” said ATA managing partner John Whybrew. “Teasler CPA is a natural fit, and we see a bright future for our firm in the Tupelo area.”

Staff member Haley Gilley from Teasler CPA PLLC will join the team at ATA Tupelo and will continue to be the main contact for Teasler’s former clients. Teasler will remain of counsel to the firm.

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About Alexander Thompson Arnold PLLC (ATA)

ATA is a long-term business advisor to its clients and provides other services that are not traditionally associated with accounting.  For example, Revolution Partners, ATA’s wealth management entity provides financial planning expertise; ATA Technologies provides trustworthy IT solutions; Sodium Halogen focuses on growth through the design and development of marketing and digital products; Adelsberger Marketing offers video, social media, and digital content for small businesses; and ATAES is a comprehensive human resource management agency. 

ATA has 13 office locations in Tennessee, Kentucky and Mississippi. Recognized as an IPA Top 200 regional accounting firm, it provides a wide array of accounting, auditing, tax and consulting services for clients ranging from small family-owned businesses to publicly traded companies and international corporations. ATA is also an alliance member of BDO USA LLP, a top five global accounting firm, which provides additional resources and expertise for clients.

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Tax

Getting a new business off the ground: How start-up expenses are handled on your tax return

Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021, the U.S. Census Bureau reports that business applications are up 18.6%. The Bureau measures this by the number of businesses applying for an Employer Identification Number. Entrepreneurs often don’t know that many of the expenses incurred by start-ups can’t be currently deducted. You should be aware that the way you handle some of your initial expenses can make a large difference in your federal tax bill.

How to treat expenses for tax purposes
If you’re starting or planning to launch a new business, keep these rules in mind:

Start-up costs include those incurred or paid while creating an active trade or business — or investigating the creation or acquisition of one. Under the tax code, taxpayers can elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs in the year the business begins. As you know, $5,000 doesn’t go very far these days! And the $5,000 deduction is reduced dollar-for-dollar by the amount by which your total start-up or organizational costs exceed $50,000.

Any remaining costs must be amortized over 180 months on a straight-line basis. No deductions or amortization deductions are allowed until the year when “active conduct” of your new business begins. Generally, that means the year when the business has all the pieces in place to start earning revenue. To determine if a taxpayer meets this test, the IRS and courts generally ask questions such as: Did the taxpayer undertake the activity intending to earn a profit? Was the taxpayer regularly and actively involved? Did the activity actually begin?

Eligible expenses
In general, start-up expenses are those you make to: investigate the creation or acquisition of a business, create a business, or engage in a for-profit activity in anticipation of that activity becoming an active business. To qualify for the election, an expense also must be one that would be deductible if it were incurred after a business began. One example is money you spend analyzing potential markets for a new product or service. To be eligible as an “organization expense,” an expense must be related to establishing a corporation or partnership. Some examples of organization expenses are legal and accounting fees for services related to organizing a new business and filing fees paid to the state of incorporation.

If you have start-up expenses that you’d like to deduct this year, you need to decide whether to take the election described above. Record-keeping is critical.

To see how ATA can help grow your emerging business, visit our website. © 2021

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Helpful Articles

Organizing and Utilizing Human Capital

When looking at the individuals in your company, their roles will fall into one of four categories: critical, core, supporting or misaligned. Let’s look at each of these in detail to assist you in mapping out responsibilities.

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Helpful Articles

How to Plan for Leadership Succession

Although more than 30% of family-owned businesses transition successfully to the second generation, just 12% of those businesses are viable for the third generation, and a mere 3% are operating by the fourth generation, according to Family Business Review. This video series explores practical ways to think outside the box when planning the future of your business such as outsourcing employee functions and creating a strategic succession plan.